The theoretical base of the project is the antitrust application of the Nobel prize-winning mathematical theory – it is a model that predicts the probable market behaviour of one or several companies in a free market environment, and reacts if there is a huge discrepancy between the theoretical likely behaviour of the market participants and the actual one. If there is a huge discrepancy in the behaviour of the market participants there is a basis to assume that the participants in the market have illegally formed a cartel.
Using oversimplification we can compare TECoL with a very elaborate web based calculator. It will ask you for information and will come up with a mathematically backed assumption about possible cartel existence.
This project has been funded with support from the European Commission.
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